FOREX THEORY
Support and Resistance Levels Are Tricky
One thing you should remember to note about support and
resistance levels is that they are areas in which a predictable price response
can be expected
Support Levels
Support levels are areas where buying pressure is just
enough to overcome selling pressure and halt or reverse a downtrend.
A strong support level is more likely to hold up even if
price breaks the support level and it provides traders a good buying
opportunity.
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